Economy and commerce
Investment
Myanmar expects a more vibrant post-election economy
Foreign investors are being wooed to invest more in Myanmar to take advantage of the country’s ASEAN membership and geographic location, which should enhance its attractiveness after the election in November. “By the end of this year, the ASEAN Economic Community will be launched. That means our market will ...
Vietnamese Prime Minister attends launch of giant potash mine in Laos
Vietnamese Prime Minister Nguyen Tan Dung and his Lao counterpart Thongsing Thammavong on 13 September attended the opening of a large potash mine in Laos. It will be one of Vietnam’s largest international projects. The ground breaking ceremony was held in Nongbok district in Khammouane province. Keep reading ...
Coca-Cola bottler ThaiNamthip opens first Coca-Cola plant in Laos with US$30 million investment
Lao Coca-Cola Bottling Co., Ltd., a joint venture between Coca-Cola bottler in ThailandThaiNamthip Limited and Lao firmPT Sole Co., Ltd., recently inaugurated the first Coca-Cola bottling plant in the Lao People’s Democratic Republic at a ceremony presided over by Mr. Muhtar Kent, Chairman and CEO ...
Vietnam's Deputy PM seeks Laos’ support to Vietnam-invested projects
Deputy Prime Minister Nguyen Xuan Phuc received Lao Minister of Planning and Investment Somdy Douangdy in Hanoi on 10 September, during which he proposed that Laos support the implementation of Vietnam-invested projects there. Keep reading ...
ADB set to slash Thai GDP growth forecast
The Asian Development Bank (ADB) will revise down its GDP growth forecast for Thailand to lower than 2.9% this year following the country’s slower-than-expected performance in the first half. However, the new growth forecast, due to be announced on 22 September, will be higher than 2.5%, ...
Analysts: Vietnam primed for financial derivative market
Vietnam’s financial market holds promising potential and the basic foundations to develop derivative products, financial experts told a seminar held by the Hong Kong-based Asia Risk magazine in Singapore on 9 September. Keep reading ...
Measures approved to revive SMEs
The cabinet on 8 September approved five tax and financial measures to help some 2 million SMEs as part of its stimulus packages to revive the economy. Deputy Prime Minister Somkid Jatusripitak said the packages should help strengthen existing SMEs and attract new operators with potential. Keep ...
In Laos' economic zone, a casino and illicit trade beckon in 'lawless playground'
Kings Romans Casino is the centerpiece of the Golden Triangle Special Economic Zone, a 39-square-mile private concession in northwestern Laos, an impoverished communist country of 6.7 million between Thailand and Vietnam. As the name suggests, it is within the Golden Triangle, the area where Thailand, ...
Myanmar selects firms for bus import plan
Five companies have been chosen to import buses for the BRT lite system, according to U Maung Aung, chair of the BRT lite committee. Authorities hope the BRT lite plan will bring order out of the near-chaos of Yangon’s multiple privately owned buses in competition with ...
Laos' ASEAN presidency to help Russia boost Russia-Asian ties- Putin
Laos’ upcoming presidency of the ASEAN could help Russia enhance trade and economic ties with Asia, Sputnik news cited Russian President Vladimir Putin as saying. Keep reading ...
